What is Shareforce?
Shareforce has re-invented and redesigned the way contracting activities are organised. Our software enables customers to contract better and faster, empowering organisations to speed up the digital transformation of their contract operations, enterprise-wide. We focus on industries where contract-intensive processes are at the core of the enterprise.
Introduction
Shareforce is an AI/NLP-powered software platform for enterprise legal content management, contract process automation and unlocking (legacy) contract data at its deepest level. Our SaaS-based, modular solution is driven by a firm-wide clause-component database (a contract building-block library) that is fully controlled by legal staff and that can easily augment other software. The clause-component database serves as a firm’s ‘Single Source of Truth’ (SSOT) for each legal document and for all its employees, departments, countries and systems. Our collaboration & workflow tools facilitate improving the compliance and uniformity of legal documents, while saving time by reducing duplicative work. Our Contract Data Intelligence solution enables clients to unlock contract data at its deepest level.
What do we offer?
Enterprise Legal Content Management
Built on our foundation, a clause-component database (“clause library”), controlled by legal staff and contract experts and used firm-wide for each legal document. With embedded collaboration & workflow tools, this solution improves compliance and uniformity of legal documents, and increases efficiency as updates are created once & instantly distributed.
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Benefit: automatically distribute updates to all relevant templates and signed contracts; at the touch of a button, they are compliant, avoiding errors, fines and remediation actions.
No-code Automated Document Creation
Users generate tailor-made contracts faster and automatically, in MS Word, by using the ‘automated’ contract building blocks that are available in the database. Users have full flexibility, from drafting their initial document to any subsequent versions: all manual changes from previous drafts are kept and are accessible in subsequent versions.
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Benefit: legal staff save significant time in drafting legal documents, greatly accelerating the speed to market.
Contract Data Intelligence
By building contracts digitally from inception, based on granular building blocks, contract data in every part of your legal documents is accessible. Combine the strength of the clause-component databases with all usage data in the platform to facilitate quantitative and contract wording analysis. Extract the digital “DNA” from contracts, providing the most detailed and accurate insights.
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Benefit: unlock (legacy) contract data at its deepest level to enhance business intelligence, risk management, repapering and third-party document comparison.
The right tool, for the right person
“if all you have is a hammer, everything looks like a nail”
Shareforce offers a different, more suitable solution compared to a generic, traditional CMS. Why do we believe this? Because Shareforce is specifically developed for legal documents, work processes and professionals. Shareforce is a No-Code solution that achieves innovation simply by letting the Subject Matter Experts practice their normal course of work while at the same time recording and utilizing their knowledge. They are ideally positioned to understand and deploy the intricacies of legal document processes and practices. Shareforce captures that knowledge.
In Shareforce, our clients build contracts, based on granular building blocks, fully digitally from inception. All relevant contract data is collected and embedded in the creation phase. This allows us to offer post-creation services like contract data intelligence organically. Offering a platform that services the full contract life cycle (pre and post award) offers a highly differentiated, fully digital contract process preferred by our customers.
Shareforce is also able to unlock and extract data from legacy (pre-Shareforce) contracts. Our platform extracts contract data from PDF, MS Word & many other formats, as well as using API’s. Having the ability to analyse contract data at its deepest level from legacy documents (T-1) and documents created in Shareforce (T+1) in one platform is a truly unique offer.
